Hypoport AG

EANS-Adhoc: Hypoport AG
Thomas Kretschmar wishes to leave the Hypoport AG Management Board seven months early and stand for election to the Supervisory Board

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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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C.E.O. Interviews

15.03.2010

Today, Prof. Thomas Kretschmar informed the chairman of the Supervisory Board of Hypoport AG that, as announced in 2006 when his contract was last extended, he does not wish to have his Management Board employment contract extended when it expires at the end of 2010. However, he does intend to continue his involvement with the Company as a member of the Supervisory Board. To ensure a seamless transition, Prof. Kretschmar has asked the Supervisory Board to end his Management Board contract early on 31 May 2010. This will enable him to stand for election to the Supervisory Board at the Annual Shareholders' Meeting on 4 June 2010. The Supervisory Board will decide on the premature termination of Prof. Kretschmar's contract at its meeting on 24 March 2010. The Company expects that the major shareholders will approve the move.

end of announcement                               euro adhoc
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Further inquiry note:

Michaela Reimann
Telefon: +49(0)30 42086-1936
E-Mail: michaela.reimann@hypoport.de

Branche: Financial & Business Services
ISIN: DE0005493365
WKN: 549336
Börsen: Frankfurt / regulated dealing/prime standard
Original-Content von: Hypoport AG, übermittelt durch news aktuell

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